Harutyun has been running his own business for five years. He rents a garage, which he uses as a workshop where he repairs cars. He buys all the required equipment, tools and spare parts for his business from Yerevan and he also imports from Georgia. Harutyun works very hard and thanks to his business, he is able to provide for his young large family.
During the last years, Harutyun collected some money to buy a car, which he will use to import necessary tools and spare parts for his business. He says the collected money is not enough to buy a required car so he is seeking a 400.000 AMD loan to complete the purchase of the car. The car will allow him to reduce the costs of his business and increase his family’s income.
About “Nor Horizon”
“Nor Horizon” UCO LLC is committed to promoting poverty alleviation in Armenia by providing high-quality financial and other business development services to enterprising individuals in under-served rural and urban markets who have a strong will to establish and develop their own small-scale businesses. Originally created as the Armenian micro credit program of Oxfam (Great Britain) in late 1995, “Nor Horizon” LLC has been licensed under supervision of the Central Bank of Armenia since early 2006.
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